Summary
In this episode of the I Can Do podcast, Benjamin Lee discusses the importance of financial wisdom, particularly focusing on the concept of living one month ahead. He shares personal experiences with budgeting apps like YNAB and emphasizes the psychological benefits of being proactive with finances. The conversation highlights the significance of having an emergency fund and how intentional spending can lead to a more peaceful financial life.
Takeaways
Financial wisdom is rooted in discipline and foresight.
Living one month ahead can transform financial management.
Emergency funds should be more than just $1,000.
Intentional spending reduces financial stress.
Budgeting apps like YNAB can provide valuable resources.
Small categories can lead to significant changes in budgeting.
Living ahead helps eliminate financial anxiety.
Having margin in life allows for better financial decisions.
Communication about money can reduce conflicts in relationships.
Learning about money is a continuous journey.
Chapters
00:00 Introduction to Financial Wisdom
02:47 Living One Month Ahead
09:43 The Psychological Impact of Budgeting
Subscribe to my newsletter at https://benjaminlee.blog
Listen to all episodes at https://icandopodcast.com
Tune in Monday-Friday
Money Mondays
Tuesday Takeaways
Wednesdays Word
Thursdays Text
Friday Focus
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Bobby Bones Show
Listen to 'The Bobby Bones Show' by downloading the daily full replay.